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Cryogenic Tanks Market to Reach USD 9.61 Billion by 2030, Growing at a 5.9 Percentage CAGR from 2024 to 2030

08-27-2024 08:31 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Cryogenic Tanks Market

Cryogenic Tanks Market

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The Cryogenic Tanks Market is experiencing significant growth due to rising applications in laboratories, pharmaceuticals, and chemical plants, along with increasing LNG demand. The market, projected to grow over 6% annually, is driven by its use in industrial gases and food and beverage sectors. However, challenges such as high raw material costs and maintenance expenses could hinder growth. Asia Pacific leads the market, with substantial growth expected in North America, while competitive strategies among major players shape the evolving landscape.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐›๐ฒ ๐œ๐ฅ๐ข๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/request-sample/55270/

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ:

The Cryogenic Tanks Market is expanding because of increased use in labs, pharmaceutical industries, and chemical facilities, as well as the growing need for LNG and improved healthcare facilities in emerging markets such as China, India, and Japan. Nevertheless, expansion is constrained by increasing costs of materials and high operation and maintenance fees for cryogenic storage tanks. There is an anticipation that the market will experience a growth of more than 6% in the upcoming year.

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

In 2023, the Asia-Pacific cryogenic tanks market held a 35.0% share, driven by LNG infrastructure expansion and demand in industrial sectors, with a 5.9% CAGR projected by 2030. China leads LNG consumption. North America will see a 6.5% CAGR, while Africa shows minimal growth due to limited developments.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐›๐ฒ ๐œ๐ฅ๐ข๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/request-sample/55270/

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž:

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ข๐ง 2023: USD 6.43 Bn.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ข๐ง 2030: USD 9.61 Bn.

๐‚๐€๐†๐‘: 5.9% (2024-2030)

๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐๐ž๐ซ๐ข๐จ๐: 2024-2030

๐๐š๐ฌ๐ž ๐˜๐ž๐š๐ซ: 2023

๐๐ฎ๐ฆ๐›๐ž๐ซ ๐จ๐Ÿ ๐๐š๐ ๐ž๐ฌ: 280

๐๐จ. ๐จ๐Ÿ ๐“๐š๐›๐ฅ๐ž๐ฌ: 117

๐๐จ. ๐จ๐Ÿ ๐‚๐ก๐š๐ซ๐ญ๐ฌ ๐š๐ง๐ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ: 116

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐’๐œ๐จ๐ฉ๐ž North America, Europe, Asia Pacific, Middle East and Africa, South America

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐‘๐š๐ฐ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ

Steel
Nickel Alloy
Aluminium Alloy
Others

๐๐ฒ ๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐‹๐ข๐ช๐ฎ๐ข๐

Liquid Nitrogen
Liquefied Natural Gas (LNG)
Liquid Hydrogen
Others

๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Storage
Transportation

๐๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Metal Processing
Energy Generation
Electronics
Medical Technology
Food & Beverages
Water Treatment
Others

๐…๐จ๐ซ ๐š ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ , ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/55270/

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

Wessington Cryogenics
ISISAN ISI SAN. VE TฤฐC .A.ลž.
Air Products
Air Water
FIBA Technologies
Taylor-worton
Sure tank
Zhangjiagang Furui
Zhuhai Gongtong
Suzhou Huafu
Praxair
Eden Cryogenics
FIBA Technologies
Vrv S.P.A
Cryoquip Australia

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง, ๐œ๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž:https://www.maximizemarketresearch.com/market-report/global-cryogenic-tanks-market/55270/

๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐š๐ฅ๐ฌ๐จ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ 

๐“๐ก๐ž ๐“๐ž๐ง๐ฌ๐ข๐ฅ๐ž ๐€๐ซ๐œ๐ก๐ข๐ญ๐ž๐œ๐ญ๐ฎ๐ซ๐ž ๐Œ๐ž๐ฆ๐›๐ซ๐š๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 1.52 Billion in 2023 and the total Tensile Architecture Membrane Market revenue is expected to grow at a CAGR of 5.66% from 2024 to 2030, reaching nearly USD 2.24 Billion. The tensile architecture membrane market has experienced substantial growth, driven by various key factors.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ: https://www.maximizemarketresearch.com/market-report/tensile-architecture-membrane-market/256789/

๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐’๐ข๐ง๐ ๐ฅ๐ž-๐ฉ๐ฅ๐ฒ ๐Œ๐ž๐ฆ๐›๐ซ๐š๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 940.40 Million in 2023 and the total Commercial Single-ply Membrane Market revenue is expected to grow at a CAGR of 5.56 % from 2024 to 2030, reaching nearly USD 1373.04 Million. Key players in the industry, including Holcim, IKO, Siplast, and Carlisle Companies are actively contributing to market growth through strategic acquisitions, product innovations, and regional growth.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/commercial-single-ply-membrane-market/256671/

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐จ๐ฅ๐ฒ๐ฉ๐ก๐ญ๐ก๐š๐ฅ๐š๐ฆ๐ข๐๐ž ๐‘๐ž๐ฌ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ is expected to reach US$ 5.83 Bn. by 2029, at a CAGR of 6.2% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/global-polyphthalamide-resin-market/96005/

2,6-Xylenol Market is expected to reach US$ 3660.09 Mn. by 2029, at a CAGR of 5.8% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ: https://www.maximizemarketresearch.com/market-report/global-26-xylenol-market/72890/

๐„๐ง๐š๐›๐ฅ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐†๐ซ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ size is expected to reach nearly US$ 10.70 Bn. by 2029 with the CAGR of 19% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ: https://www.maximizemarketresearch.com/market-report/enabling-technologies-for-the-smart-grid-market/71749/

๐๐ซ๐ž๐ฉ๐š๐ข๐ ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ size is expected to reach nearly US$ 3.90 Bn. by 2029 with the CAGR of 5.9% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/prepaid-battery-recycling-market/70885/

๐•๐Ž๐‚ ๐‚๐จ๐ง๐œ๐ž๐ง๐ญ๐ซ๐š๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ size is expected to reach US$ 1.86 Bn by 2029, at a CAGR of 6.11% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/voc-concentrator-market/65949/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical categories and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, category and demand analysis, and client impact studies.

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Market Insights Research
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomicโ€ฆ
11-15-2023 | Industry, Real Estate & Constr โ€ฆ
Fact.MR
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion. These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membraneโ€ฆ
01-11-2023 | Health & Medicine
Ameco Research
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantialโ€ฆ
02-25-2022 | Health & Medicine
Transparency Market Research
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States. Despite challenges such as training for newโ€ฆ